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Bayridge Resources Corp. is a mining exploration company that operates the Sharpe Lake property, a lithium exploration project in Ontario. The company has also acquired an interest in two uranium exploration projects in the Athabasca Basin in Saskatchewan from Canalaska Uranium Corp. Recently, Bayridge Resources Corp. entered into definitive option agreements with CanAlaska Uranium Ltd. to earn up to an 80% interest in each of CanAlaska's Waterbury East and Constellation Projects. The Option Agreements entail defined earn-in stages for Bayridge to acquire interests in the Projects through work commitments, cash payments, and share issuances. Bayridge Resources Corp. is focused on sustainable energy projects and aims to contribute to new uranium discoveries while reducing carbon emissions.
Bayridge Resources has completed its fall 2024 drilling program at the Waterbury East uranium project in Canada's Athabasca Basin. The program consisted of six holes totaling 2,721 metres, testing multiple targets between September 26th and November 6th, 2024. Five out of six holes recorded zones of elevated counts per second. The drilling focused on two key target areas: WAT005 and the 2024 VTEM conductor. The program confirmed the presence of anomalous CPS at the unconformity and within faulted metasedimentary basement rocks. Samples from the first two holes are at the lab with results pending. The company has also announced its decision to discontinue advancing the Sharpe Lake lithium project.
Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) has completed the first two holes of its fall 2024 drilling program at the Waterbury East uranium project in Canada's Athabasca Basin. The holes tested the strike projection of a previous drill hole that encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment. VTEM interpretation suggests previous drilling may have been short of the conductor, which may be stronger than previously thought.
Drilling has moved to test a second strong conductor 1000m southwest. The Waterbury East project is considered favorable for hosting both unconformity-hosted and basement-hosted uranium deposits. Bayridge has an option to earn up to 80% interest in the project from CanAlaska. The project is located 25 km northeast of the Cigar Lake Mine and is accessible from the Cigar Lake Road.
Bayridge Resources Corp. (CSE: BYRG, OTCQB: BYRFF, FSE: O0k) announced the commencement of trading on the U.S. OTCQB Market under the symbol "BYRFF". The company's shares will continue to trade on the Canadian Securities Exchange and the Frankfurt Stock Exchange. CEO Saf Dhillon stated that this cross-trading and DTC eligibility is a significant milestone, enhancing visibility and transparency for investors. This move aims to reach a wider audience and is part of Bayridge's ongoing business plan execution.
Bayridge Resources Corp. (CSE: BYRG) has initiated its fall 2024 drilling program at the Waterbury East uranium project in Canada's Athabasca Basin. The program includes:
- 2,100 metres of drilling
- 4 to 6 holes targeting multiple areas
- Follow-up on the best intersection from 2006/2007
- Guided by spring 2024 VTEM survey results
The project covers 1,337 ha and is located 25 km northeast of the Cigar Lake Mine. Bayridge has an option to earn up to 80% interest from CanAlaska Uranium Previous drilling in 2006/2007 reported 17.0 m of anomalous basement-hosted uranium enrichment, with a highlight value of 324 ppm U over 0.6 m. The program is expected to last 30 to 45 days with results anticipated in Q4 2024.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) has completed Phase I exploration at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin. The program identified 15 spot radiometric anomalies, mostly associated with VTEM conductors or magnetic boundaries. Measurements ranged from 1,000 to 65,000 CPS, suggesting uranium mineralization potential.
The company collected 43 rock samples from the radioactive zones, characterized by hydrothermally altered fractures, shears, pegmatites, and veins. Bayridge plans to initiate a Level 2 Exploration Permit for a fully funded maiden drilling program in H1 2025. The Constellation property shows favorable geology for basement-hosted unconformity-style uranium deposits and is located 60 km southwest of the Key Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) has initiated Phase I exploration at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin. The program aims to evaluate magnetic and electromagnetic anomalies identified during a previous VTEM survey, preparing for potential H1 2025 drilling. Bayridge is fully funded for both surface exploration and an initial drill campaign.
The Constellation property shows favorable geology for basement-hosted unconformity-style uranium deposits. It features structural lineaments and historical NE-trending conductors that are under-explored. Bayridge can earn up to 80% interest in Constellation through a series of payments and exploration expenditures over 4 years. The project is located 60 km southwest of the Key Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) has received a 3-year drilling permit for its Waterbury East uranium project in Canada's Athabasca Basin. The permit, valid until July 31, 2027, allows for 40 drill collar sites and exploration trail clearing. The company is fully funded for a multi-hole drill program planned for late Q3 2024. The 1,337 ha project is located in an area favorable for uranium deposits, with historical surveys indicating potential for both unconformity-hosted and basement-hosted deposits. A previous drill program by CanAlaska Uranium in 2007 reported encouraging results, including 17.0 m of anomalous basement-hosted uranium enrichment. Bayridge has an option to earn up to 80% interest in the project from CanAlaska over the next 4 years.
Bayridge Resources Corp. (CSE: BYRG) has received final deliverables from Geotech for the airborne VTEM Survey at its 1,337 ha Waterbury East uranium project in Canada's Athabasca Basin. The survey identified several magnetic and electromagnetic anomalies, which are being interpreted by in3D Geoscience Inc. for priority ranking ahead of H2 drilling. The company is fully funded for the drilling program.
The Waterbury East project is considered favorable for both unconformity-hosted and basement-hosted uranium deposits. Historical surveys defined an ENE-striking conductor across the property, with a depth to unconformity of ~200m. Bayridge has an option to earn up to 80% interest in Waterbury East through a series of payments and exploration expenditures over 4 years. The project is located 25 km northeast of the Cigar Lake Mine.
Bayridge Resources Corp. (CSE: BYRG) (OTC Pink: BYRRF) has received final deliverables from Geotech for the airborne VTEM Survey at its 11,142 ha Constellation uranium project in Canada's Athabasca Basin region. The survey identified several magnetic and electromagnetic anomalies, which are being interpreted by in3D Geoscience Inc. for priority ranking.
The company is fully funded for late Q3 surface exploration and H1 2025 drilling, following a recent financing. Bayridge has also received its Level I Exploration permit for Constellation. The property shows favorable geology for basement-hosted unconformity-style uranium deposits, with structural lineaments that could act as pathways for hydrothermal activity.
Bayridge is earning up to an 80% interest in Constellation through cash payments, share issuances, and exploration expenditures over the next 4 years. The project is located 60 km southwest of the Key Lake Mine and is accessible via helicopter or float plane.
Bayridge Resources has filed a Level 1 Exploration Permit for its 11,142-hectare Constellation uranium project in the Athabasca Basin, Canada. This permit allows the company to start a fully funded ground survey program, including soil, till, and lake sediment sampling, prospecting, mapping, and scintillometer surveying. The program aims to evaluate the property's potential for basement-hosted uranium deposits, similar to recent discoveries by NexGen Energy in the area. The Constellation project features favorable geology and structural lineaments that could serve as pathways for hydrothermal activity. Bayridge is earning up to an 80% interest in the project through cash payments, share issuances, and exploration expenditures over the next four years.
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